Child Education Planning
What is child education planning?
Child education planning means putting a figure on what your child's education will cost, allowing for fees that rise every year, and building savings to meet that cost on time.
It usually combines regular investing (such as a SIP) with life cover, so the plan continues even if something happens to a parent.
Mutual fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.
The risk child education planning addresses
Education costs in India have risen much faster than general prices, and professional courses or study abroad can cost many times today's fees. Without planning, families often end up taking expensive loans or compromising on choices.
Without it, you could face
- Fees rising faster than your savings
- Large education loans at a young age
- Having to compromise on your child's choice of course
- The plan stopping if a parent is no longer there
What child education planning gives you
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A clear target
Today's course fees projected forward with education inflation.
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Monthly SIPs
Steady investing matched to the number of years you have.
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Waiver of premium
Child plans that keep paying into the goal if the parent is no longer there.
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Life cover for parents
A term plan sized to cover the education goal.
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Tax benefits
Premiums and ELSS investments can qualify under Section 80C.
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Milestone reviews
We move money to safer options as the admission year gets closer.
Is this right for you?
If any of these sound like you, a short conversation with us is a good place to start.
Ask us a question- Parents of newborns and young children
- Parents of teenagers catching up
- Families planning for study abroad
- Grandparents who want to contribute
Consultation, comparison, planning and ongoing support
The cost of professional courses in India has risen much faster than general prices, and a degree abroad costs many times more. Saving early is the surest way to meet the bill without loans.
We help you put a figure on each child's education goal, choose the right mix of investments, and protect the plan so it continues even if something happens to you.
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Consultation
Course, country, and the year your child will need the money.
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Comparison
The future cost and the monthly amount needed to reach it.
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Plan & set-up
SIPs, child plans and term cover, set up together.
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Ongoing support
Adjust as costs, income and plans change.
Child Education Planning: common questions
Take today's fees for the course you have in mind and allow for education inflation, often estimated at 8 to 10 percent a year. Our education calculator does the maths for you.
They do different jobs. A child insurance plan protects the goal if a parent dies; mutual funds usually offer more growth over long periods. Many families use both.
A term plan or a child plan with waiver of premium keeps the goal funded. We size the cover to the goal.
It's never too late, but the plan will be different: shorter time frames call for safer investments and a larger monthly amount.